Tim S.A. (NYSE:TIMB) Sees Large Decline in Short Interest

Tim S.A. (NYSE:TIMB) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 798,300 shares, a drop of 34.0% from the November 30th total of 1,210,000 shares. Based on an average daily trading volume, of 549,800 shares, the short-interest ratio is presently 1.5 days. Approximately 0.2% of the shares of the stock are sold short.

TIM Stock Down 1.2 %

Shares of TIMB traded down $0.14 during mid-day trading on Monday, reaching $11.71. The company’s stock had a trading volume of 375,466 shares, compared to its average volume of 479,168. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.57 and a beta of 0.84. The business has a fifty day moving average of $13.58 and a 200 day moving average of $14.94. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52. TIM has a 1 year low of $11.61 and a 1 year high of $19.14.

TIM (NYSE:TIMB) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). The business had revenue of $1.16 billion for the quarter. TIM had a return on equity of 11.73% and a net margin of 12.71%. As a group, analysts forecast that TIM will post 1.2 earnings per share for the current fiscal year.

TIM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Monday, December 30th will be given a dividend of $0.1723 per share. The ex-dividend date of this dividend is Monday, December 30th. This is an increase from TIM’s previous quarterly dividend of $0.09. This represents a $0.69 dividend on an annualized basis and a yield of 5.88%. TIM’s payout ratio is presently 53.97%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TIMB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in TIM in the third quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its stake in shares of TIM by 108.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock valued at $25,000 after buying an additional 835 shares in the last quarter. Inspire Advisors LLC bought a new stake in shares of TIM in the 3rd quarter valued at approximately $173,000. Jane Street Group LLC acquired a new position in TIM in the third quarter worth approximately $215,000. Finally, Creative Planning bought a new position in TIM during the third quarter valued at approximately $216,000.

Wall Street Analysts Forecast Growth

TIMB has been the topic of a number of recent research reports. Scotiabank decreased their target price on TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a report on Tuesday, November 5th. UBS Group lowered TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. The Goldman Sachs Group cut their price objective on TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Finally, Barclays decreased their target price on shares of TIM from $18.00 to $17.50 and set an “equal weight” rating for the company in a report on Tuesday, November 12th.

About TIM

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies.